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"(Reuters) -Bank of America Corp beat analysts' estimates for second-quarter profit on Monday, with healthy consumer spending and strong demand for loans limiting the hit from its investment banking business.  Executives at the second-largest U.S. bank painted an overall positive outlook for consumer spending going forward, saying that despite decades-high inflation, spending continues to grow, albeit at a slower pace.  \"We observed from our data spending remains excellent, deposit balances remain high, capacity to borrow is still there, credit quality is still there,\" Chief Financial Officer Alastair Borthwick said on a call."
<https://finance.yahoo.com/news/bank-america-posts-drop-quarterly-104838915.html>